Five9 (NASDAQ:FIVN) Price Target Cut to $67.00 by Analysts at Roth Mkm

Five9 (NASDAQ:FIVN) had its target price decreased by Roth Mkm from $90.00 to $67.00 in a research note issued to investors on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the software maker’s stock.

A number of other brokerages have also weighed in on FIVN. Robert W. Baird lowered shares of Five9 from an outperform rating to a neutral rating and decreased their price objective for the company from $90.00 to $40.00 in a report on Friday. Bank of America raised Five9 from an underperform rating to a buy rating and set a $63.00 price objective on the stock in a research note on Monday, August 5th. UBS Group reduced their price objective on Five9 from $90.00 to $81.00 and set a buy rating on the stock in a report on Friday, May 3rd. Rosenblatt Securities reiterated a buy rating and issued a $80.00 target price on shares of Five9 in a report on Friday, May 3rd. Finally, Truist Financial cut their price target on Five9 from $100.00 to $65.00 and set a buy rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $65.82.

Five9 Trading Down 26.5 %

Five9 stock traded down $11.25 during midday trading on Friday, reaching $31.22. The stock had a trading volume of 13,572,495 shares, compared to its average volume of 1,377,451. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -36.73 and a beta of 0.82. Five9 has a 52-week low of $28.75 and a 52-week high of $92.40. The company has a fifty day moving average of $42.66 and a 200 day moving average of $55.11.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. On average, analysts anticipate that Five9 will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the transaction, the chief accounting officer now directly owns 38,267 shares in the company, valued at approximately $1,770,614.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CRO Daniel P. Burkland sold 7,698 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $356,417.40. Following the completion of the transaction, the executive now directly owns 127,635 shares of the company’s stock, valued at approximately $5,909,500.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the sale, the chief accounting officer now directly owns 38,267 shares in the company, valued at approximately $1,770,614.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,385 shares of company stock worth $2,418,755. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in Five9 in the 4th quarter worth $1,684,000. Mutual of America Capital Management LLC lifted its holdings in shares of Five9 by 15.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 78,346 shares of the software maker’s stock worth $6,165,000 after purchasing an additional 10,638 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Five9 by 9.9% during the fourth quarter. WCM Investment Management LLC now owns 295,566 shares of the software maker’s stock worth $23,580,000 after purchasing an additional 26,533 shares during the period. Lecap Asset Management Ltd. purchased a new stake in Five9 in the fourth quarter valued at approximately $966,000. Finally, Valliance Asset Management Ltd acquired a new position in Five9 in the 4th quarter worth approximately $488,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.